RB Global Inc. (RBA) director discloses 2025 dividend equivalent rights

Rhea-AI Filing Summary

RB Global Inc. director Gregory B. Morrison reported a small equity-related award in the form of derivative securities. On 12/17/2025, he acquired 6 dividend equivalent rights linked to the company’s 2025 grant of restricted share units (RSUs). Each dividend equivalent right entitles him to receive the economic value of one RB Global common share, and these rights become exercisable in step with the related 2025 RSUs.

Following this transaction, Morrison beneficially owned 16 derivative securities of this type, all held in direct ownership. The derivative securities have an exercise price of $0, underscoring that this is an equity-based compensation feature rather than a market purchase.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Morrison Gregory B

(Last) (First) (Middle)

C/O RB GLOBAL, INC.

2 WESTBROOK CORPORATE CENTER

(Street)

WESTCHESTER IL 60154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RB GLOBAL INC. [ RBA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights (2025 RSUs)	(1)	12/17/2025		A		6		(1)	(1)	Common Shares	6	$0	16	D

Explanation of Responses:

1. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2025 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.

	/s/ Maria Teresa Punsalan, attorney-in-fact for Gregory B. Morrison	12/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did RB Global Inc. (RBA) disclose in this Form 4?

The filing reports that director Gregory B. Morrison acquired 6 dividend equivalent rights on 12/17/2025 tied to RB Global Inc.’s 2025 restricted share units.

How many dividend equivalent rights did the RB Global (RBA) director receive and at what price?

Gregory B. Morrison received 6 dividend equivalent rights with an exercise price of $0, reflecting an equity-based compensation feature rather than an open-market transaction.

What do the dividend equivalent rights reported by RB Global Inc. (RBA) represent?

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RB Global common share, accruing in respect of the 2025 RSU grant.

When do the RB Global (RBA) dividend equivalent rights become exercisable?

The dividend equivalent rights become exercisable proportionately with the related 2025 restricted share units, matching the vesting of those RSUs.

What is the director’s derivative beneficial ownership in RB Global Inc. after this Form 4 transaction?

After acquiring the new rights, Gregory B. Morrison beneficially owned 16 derivative securities of this type, all reported as held in direct ownership.

What is the relationship of the reporting person to RB Global Inc. (RBA)?

The reporting person, Gregory B. Morrison, is identified as a director of RB Global Inc. in the Form 4.